The evidence is clear. Foreign buyers are forcing up property prices

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By Leith van Onselen

Some interesting analysis has been released recently showing the inflationary impact that foreign capital is having on international housing markets.

The first piece of analysis, published in VOX, shows how foreign investor demand “has had a significant positive effect on house price growth in the last 15 years” in the UK, affecting both expensive and less expensive homes alike. Foreign investor demand is also found to have reduced home ownership rates in the UK:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.